Agreements between ORLEN Capital Group and Total group

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") announces that it has been informed that total estimated value of agreements signed between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Total group in the period between 27 November 2010 and 25 October 2011 amounts to approximately PLN 3 348 million.

The estimated total value of agreements signed between PKN ORLEN and companies from the Total group in the period between 27 November 2010 and 25 October 2011 amounts to approximately PLN 1 908 million.

The estimated total value of agreements signed between PKN ORLEN subsidiaries and companies from the Total group in the period between 27 November 2010 and 25 October 2011 amounts to approximately PLN 1 440 million.

Agreement dated 29 December 2010 signed between ORLEN Deutschland GmbH and Total Deutschland GmbH, Berlin is the agreement with the highest amount from among all agreements concluded between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Total group in the period between 27 November 2010 to 25 October 2011. The estimated value of the agreement amounts to approximately EUR 361 million (i.e. approximately PLN 1 440 million, based on the average PLN/EUR exchange rate as of 29 December 2010, as stated by the National Bank of Poland). The agreement was concluded for the purchase of fuels by ORLEN Deutschland GmbH from Total Deutschland GmbH, Berlin during 2011.

The agreements between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Total group were concluded for the trade of products and purchase of crude oil.

PKN ORLEN owns 100% of the registered capital of ORLEN Deutschland.

In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned agreements constitute a “significant agreement” due to the fact that their total value exceeds 10% of PKN ORLEN’s equity.